Volumetric analysis on December 27
So unexpectedly we saw a big increase in the S & P500 index and oil prices. What was it? The fundamental event in which Trump called on the nation to buy cheap stocks of companies that are doing well? Christmas rally? Or closing short speculative positions on indices and oil? Only one thing is clear. The market is really thin, and any insignificant market and fundamental situations can result in large movements. It is difficult to predict, it is easy to lose, to be in a profitable position and to hope for a little more profit is also difficult.
WTI oil instantly passed the resistance, the likelihood of which we practically did not speak yesterday. There are signs and purchases at market prices, there are also signs that any drop was restrained by limit orders for purchase. In general, it can be assumed that growth will continue. We take as support area of 44.80-45.90. There is the area where the purchase orders matched with the sale orders. There is a suspicion that price tag at 44.80 is the key support level, we will say that the upward movement has ended if the price penetrates below it. Prior to this event, the upward movement of the priority, those who bought positionally, should already be approaching the zero mark, while reaching the level of 47.70 is today's goal.
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